On the budget deficit, he said the federal government's spending imbalance is 'getting out of hand.'
Former Fed Chairman Alan Greenspan told CNBC that he's worried about inflation and the government's swelling budget deficit.The government may be "underestimating" the size of future deficits, Greenspan added.Former Fed chair Alan Greenspan says his biggest concern is inflation, even if it hasn't emerged yetFormer Federal Reserve Chairman Alan Greenspan said his biggest economic concerns in the U.S. are inflation and the budget deficit.
It was the first televised interview the "Maestro" has given since the coronavirus pandemic hit in March.On the budget deficit, he said the federal government's spending imbalance is "getting out of hand." Through July, the fiscal 2020 shortfall totaled $2.45 trillion, the byproduct of intensified government spending to get the economy through the pandemic-associated shutdown.
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